Washington State Department of Financial Institutions is an agency of the State of Washington charged with regulating financial institutions including banks, and prevention of financial fraud such as bank fraud, credit card fraud and

payday loan A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. The term "payday" in payday loan refers to ...

issues. It is authorized by

Revised Code of Washington The Revised Code of Washington (RCW) is the compilation of all permanent laws currently in force in the U.S. state of Washington. Temporary laws such as appropriations acts are excluded. It is published by the Washington State Statute Law Committ ...

(RCW) Title 43, Chapter 320. The agency regulates the following types of institutions: under the Division of Credit Unions, credit unions; under the Division of Banks, state-chartered commercial banks, savings banks, savings associations and non-depositary trust companies; under the Division of Consumer Services non-depositary mortgage lenders, servicers and brokers, consumer lenders, and money services businesses; under the Division of Securities, issuers of private placement equity, debt securities, and derivatives products, securities and derivatives broker-dealers, investment advisers, and franchisors.

Footnotes

References

External links

Financial Institutions Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial insti ...

Banking in Washington (state) {{Washington-stub